DEFC Regains Strength as It Rebounds Above $0.1156

Defi Coin Price Forecast: July 13
DEFC has resumed an upward correction as it rebounds above $0.1156. The bullish momentum is approaching the 50-day line SMA. A break above the 50-day line SMA will signal the resumption of the uptrend.

DEFC Price Statistics Data:
DEFC price now – $0.1143
DEFC market cap – $1,333,580
DEFC circulating supply – 11,674,835.00 DEFC
DEFC total supply – $11,406,378
DEFC Coinmarketcap ranking – #4811

Key Levels:
Supply Zones: $0.3000, $0.4000, $0.5000
Demand Zones: $0.1000, $0.2000, $0.2500

DEFCUSD Long-Term Trend: Bullish (1-hour chart)

Following the recent upward correction, the bulls have broken above the moving average lines. This will give buyers the added advantage to push the cryptocurrency to the previous highs. The bulls broke above the moving average lines to a high of $0.1156. Defi Coin is capable of rising in the bullish trend zone to reach the previous highs of $0.1500. The bullish momentum will extend to the high of $0.1550 where there may be a possible resistance. In June, buyers failed to keep the price above the $0.1550 high. Nevertheless, if buyers overcome the resistance at $0.1550, the market will rally to the next resistance at $0.3200.

DEFCUSD Medium-Term Trend: Bullish (15-Minute Chart) – It Rebounds Above $0.1156

The cryptocurrency has risen above the moving average lines as it rebounds above $0.1156. Initially, the upward moves are facing rejection at the high of $0.1110 which has been cleared. Further upward movement of the coin is likely. Defi Coin is above 75% range of the daily stochastic. It indicates that the market is in a bullish momentum.

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